Michael Lowry has begun to reap the rewards of a winning summer at the racetrack after a filly foal born to his mare in March was sold for €452,025 yesterday.
The bumper result at the Tattersalls’ December foal sale more than doubles the top price he achieved for the best of other colts and fillies born to his increasingly lucrative mare, Wedding Morn.
The sale, to Blanford Bloodstock in England, was seven times the €61,000 he achieved last winter when he brought a full sister of the filly sold yesterday to the Tattersalls ring. The value of his mare rocketed in June when Probably — a two-year-old full brother of his latest foal — won the prestigious Railway Stakes at the Curragh. This put the juvenile colt among the top contenders for the flat race classics next season.
Mr Lowry had also sold Probably as a foal and it now races in the ownership of Michael Tabor, Susan Magnier, and Derrick Smith.
Despite not having any claim to Probably’s winnings, the result in June was a bonanza for Mr Lowry.
This was because the win, in a respected race, revealed the value of the bloodlines Mr Lowry tapped into when he opted to send his mare to one of Coolmore’s most consistent stallions, Danehill Dancer, every year.
In 2011, Mr Lowry would have paid €75,000 to send Wedding Morn to the Coolmore sire. This was down from the €115,000 the stallion was commanding when he bred Probably.
Since Mr Lowry acquired the mare, Wedding Morn, in 2007 he has sent her to Danehill Dancer each spring. He decided on this approach despite buying the mare for an undisclosed sum around the time he made a €1.4m tax settlement with Revenue Commissioners.
After Probably’s win, Mr Lowry set up an unlimited company, Glebeland Farm, to manage his bloodstock and livestock interests.
However, he told the Irish Times that media speculation that Probably’s success would boost the value of his mare’s future progeny was “wide of the mark”.
According to breeding records, Wedding Morn appears to have been Mr Lowry’s first foray into the upper echelons of flat-race breeding.
Previously, he enjoyed some success over jumps as a quarter partner in the MALM syndicate.
Mr Lowry did not respond to requests for comment last night.
After the bidding the foal’s buyer, Tom Goffs, said “she is the best filly here by a country mile”.
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